ChargeZone has introduced a new product called the Battery Passport System. To build a complete record, this digital platform gathers a lot of data at every point in a battery’s history.
In an attempt to ease the transition from a linear to a circular economy, the Battery Passport System offers unambiguous information at every point in the battery’s life. This transparency is meant to benefit all stakeholders in the EV battery ecosystem, including EV buyers, producers, recyclers, and economic operators.
The solution will also maximize the value and consumption of the batteries. Through a Battery-as-a-Service (BaaS) concept, ChargeZone would offer upfront battery costs coverage, clear energy pricing for pre-defined range, and reliable performance indications for commercial electric vehicles like buses and trucks. It will also assist in recycling and repurposing battery packs by employing real-time monitoring of significant battery properties.
Kartikey Hariyani, the CEO and founder of ChargeZone, hailed the introduction of the Battery Passport System as a step toward redefining the EV market in India. He continued by saying that the system includes a financial component that separates EV and battery expenses in order to support financial sustainability.
The first electric buses with 200 KWh battery capacities will be deployed in India’s expanding electric bus market, and long-term contracts for Energy as a Service (EaaS) and Charging-As-A-Service (CaaS) are planned. The technology also facilitates repurposing batteries for lower-duty cycle applications.
The battery storage business has grown faster in India as a result of the country’s increasing use of electric vehicles. Projections indicate that by 2030, India’s demand for electric transportation might push the nation’s battery storage capacity to 600 GWh. As part of its goals for renewable energy, the Indian government plans to add over 500 GW of capacity by 2030, which highlights the need for flexible energy solutions like battery storage.
